SEC Form 4 · accession 0001209191-16-130912
CROWN CRAFTS INC · CRWS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Debra Dunne
Officer — VP Product Development
Period of report
Jun 30, 2016
Accepted (ET)
Jul 5, 2016 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000025895
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jun 30, 2016 | M | 7,500 | $7.90 | A | 43,831 | D | |
| Common Stock | Jun 30, 2016 | M | 5,000 | $8.38 | A | 48,831 | D | |
| Common Stock | Jun 30, 2016 | F | 11,482 | $9.46 | D | 37,349 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualifed Stock Option (Right to Buy)F3,F2 | $7.90 | Jun 30, 2016 | M | 7,500 | D | — | Jun 18, 2024 | Common Stock | 7,500 | 0 | D |
| Non-Qualifed Stock Option (Right to Buy)F3,F4 | $8.38 | Jun 30, 2016 | M | 5,000 | D | — | Jun 12, 2025 | Common Stock | 5,000 | 5,000 | D |
Explanation of responses
- F1This transaction represents the withholding of 11,482 shares of common stock to satisfy the exercise price and tax withholding obligations incurred by the Reporting Person upon the exercise of the options granted to the Reporting Person on June 18, 2014 and June 12, 2015.
- F2The options were granted on June 18, 2014 and vested as follows: (a) 7,500 shares on June 18, 2015; and (b) 7,500 shares on June 18, 2016. The additional 7,500 options granted on June 18, 2014, and exercisable on June 18, 2015, were exercised on July 10, 2015.
- F3Derivative securities represent the grant of a stock option for services as an officer of the Issuer.
- F4The options were granted on June 12, 2015 and vest as follows: (a) 5,000 shares on June 12, 2016; and (b) 5,000 shares on June 12, 2017.